Elon Musk gets more bad news as rival launches the anti-Tesla
Another titan of industry is gunning hard for Musk's market share.
Despite the bump that it received last week after Elon Musk’s earnings announcement, Tesla (TSLA) is still facing an uphill battle. Shares kicked off this week by falling, suggesting that the stock’s momentum may be short-lived.
With Musk announcing that he plans on cutting back his work with the Department of Government Efficiency (DOGE), many investors rejoiced, and the market reacted well, despite the vagueness of Musk’s statement. Now it seems that the hype is already cooling off, just a few days later.
